A Chinese integrated hog-and-feed company plans to take over a large U.S. swine firm operating in several states.

AgFeed Industries, based in Nanjang, China, operates five feed manufacturing plants and about 30 hog farms, but is incorporated as a publicly traded company in the United States.

The company plans to buy M2P2, an Ames, Iowa-based firm, for about $16 million, according to a July 20 filing with the U.S. Securities and Exchange Commission.

M2P2, formed in 2003 by a merger of seven smaller companies, produces about 1.3 million hogs a year at its facilities in Colorado, Oklahoma, North Carolina and Iowa.

The two firms entered into a joint venture in 2009 aimed at modernizing Chinese hog production by emulating Western systems.

-- Mateusz Perkowski

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